Business Balance Sheet Example
A business balance sheet can be called as a tool for making your work easier. It means the balance sheet is a statement for financial problems that included assets, liabilities, and some equity of the owner in some estimation time. Besides, the balance sheet can be an illustration for making your business network more real, and worth it. Here is the example of a balance sheet that can be read from text following bellow!
The Example of Business Balance Sheet
A balance sheet can be seen as a detail tool for comparing your expenses from year to another year. You can also determine financial balance with two statements. The first is an income statement that can show net income in a specific period, such as a month, a year, or a week. The second one is the cash flow statement that can show the improvement of cash. It can show the positive or negative of the chronic trouble business.
The Aspect of Business Balance Sheet
Assets mean an organized thing that can be a fundamental aspect. It can be fresh money or a thing that cannot be easily converted into non-liquid assets. The example of non-liquid assets is building, house, gold, equipment, and land. The list of assets can be written in your notes before making a balance sheet.
Besides, intangible can be a list of assets. It means that assets are more difficult to get value. Intangible assets are reported that can calculate balance with original cost minus. The example of items as patents and copyright.
Liabilities are a thing that can be owned by the business owner. It can be broken down into current and long term duration categories. The example of liabilities are wages, income tax, utilities, interest, maturing debt, temporary loans, medical plan payments, and sales tax, pension plans, guarantee things, or some deposits that can be a liquid expense.
3. Equity and Earning
Equity is a kind of shareholders that left subtracting the liabilities from assets. Earning means a retained thing by the corporation that cannot be paid in form. Those things are usually paying down debt or invested to get some advantages in the business balance sheet.
That is all the explanation of the business balance sheet that can be applied as soon as possible. Business balance has two statements describing the needs of the activity itself. Three aspects of the business balance must be completed due to the function in applying itself. Don’t forget to keep some assets to make your business run well. Good luck!
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